Free Trial

SM Energy Company (NYSE:SM) Shares Bought by Exchange Traded Concepts LLC

SM Energy logo with Energy background

Exchange Traded Concepts LLC grew its holdings in shares of SM Energy Company (NYSE:SM - Free Report) by 49.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,095 shares of the energy company's stock after purchasing an additional 12,261 shares during the quarter. Exchange Traded Concepts LLC's holdings in SM Energy were worth $1,111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SM. Gallacher Capital Management LLC raised its stake in SM Energy by 4.5% during the fourth quarter. Gallacher Capital Management LLC now owns 8,206 shares of the energy company's stock worth $318,000 after purchasing an additional 350 shares during the period. Summit Investment Advisors Inc. raised its stake in SM Energy by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 11,970 shares of the energy company's stock worth $464,000 after purchasing an additional 379 shares during the period. Hillsdale Investment Management Inc. raised its stake in SM Energy by 0.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 97,800 shares of the energy company's stock worth $3,791,000 after purchasing an additional 400 shares during the period. Quantinno Capital Management LP raised its stake in SM Energy by 6.4% during the fourth quarter. Quantinno Capital Management LP now owns 6,718 shares of the energy company's stock worth $260,000 after purchasing an additional 402 shares during the period. Finally, National Bank of Canada FI raised its stake in SM Energy by 7.6% during the fourth quarter. National Bank of Canada FI now owns 6,975 shares of the energy company's stock worth $270,000 after purchasing an additional 492 shares during the period. Institutional investors and hedge funds own 94.56% of the company's stock.

SM Energy Price Performance

SM Energy stock traded up $0.01 during midday trading on Friday, reaching $27.56. 3,717,426 shares of the company were exchanged, compared to its average volume of 1,992,259. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 3.86 and a beta of 2.19. The firm's 50-day simple moving average is $24.13 and its 200-day simple moving average is $31.41. SM Energy Company has a 1 year low of $19.67 and a 1 year high of $50.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.57 and a current ratio of 0.57.

SM Energy (NYSE:SM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The energy company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.16. The firm had revenue of $844.54 million during the quarter, compared to analysts' expectations of $814.62 million. SM Energy had a return on equity of 19.90% and a net margin of 27.61%. The firm's quarterly revenue was up 50.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. On average, analysts anticipate that SM Energy Company will post 8.1 EPS for the current year.

SM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 18th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Thursday, April 17th. SM Energy's payout ratio is currently 11.20%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Williams Trading set a $41.00 target price on shares of SM Energy in a research report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their target price on shares of SM Energy from $54.00 to $41.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Susquehanna decreased their target price on shares of SM Energy from $39.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Stephens reduced their price target on shares of SM Energy from $62.00 to $55.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, Mizuho reduced their price target on shares of SM Energy from $46.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $42.08.

Read Our Latest Research Report on SM Energy

SM Energy Profile

(Free Report)

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.

See Also

Institutional Ownership by Quarter for SM Energy (NYSE:SM)

Should You Invest $1,000 in SM Energy Right Now?

Before you consider SM Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SM Energy wasn't on the list.

While SM Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Watch Before Monday: Stocks to Load Up on Before Earnings
3 Hot Growth Stocks to Watch Right Now!
Don’t Miss These Top 3 Defense Stocks Set To Gain

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines